The BSE Sensex stood at 73,917.17, down 695.26 points or 0.93 per cent. The NSE Nifty fell 227.50 points, or 1.01 per cent, to 22,317.55.

The Sensex plunged 1.32 per cent, or 985.54 points, to an intraday low of 73,658.45. Meanwhile, the Nifty50 slipped 1.31 per cent, or 295.95 points, to an intraday low of 22,249.10.

Indian equity markets are likely to open on a weaker note on Friday, February 28, as suggested by the GIFT Nifty, signaling a subdued start for both the BSE Sensex and NSE Nifty 50. This comes after a flat closing in the previous session,

The Nifty 50 has declined by approximately 5 per cent so far in February and is on track to post its fifth consecutive month of losses, marking the index's longest losing streak in nearly three decades.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 22,585 level, a premium of nearly 3 points from the Nifty futures’ previous close.

The Indian stock market closed on a mixed note on Tuesday, with the Sensex registering a slight gain while the Nifty50 ended in the red.The BSE Sensex rose 147.71 points, closing at 74,602.12, whereas the NSE Nifty50 slipped 5.